A while back there was a leak of an EU memo referring to a particular chapter of the proposed ACTA treaty. Now the actual chapter in question has leaked. The reliable Michael Geist has a reasoned analysis:
Yes, his analysis is more reasoned than my headline.
It still appears that this treaty seeks re-shape American law and also the laws of all other signatory nations. Noticeable NON-signatories include Russia and China, where a huge percentage of the world’s piracy happens.
If you are a US citizen, please have a look at the EFF Alert for ACTA and see if you can help.